Toth Financial Advisory Corp Raises Holdings in Dominion Energy, Inc. (NYSE:D)

Toth Financial Advisory Corp boosted its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 15.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 118,419 shares of the utilities provider's stock after acquiring an additional 15,796 shares during the quarter. Toth Financial Advisory Corp's holdings in Dominion Energy were worth $6,640,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Dominion Energy during the 4th quarter worth approximately $473,354,000. American Century Companies Inc. increased its stake in Dominion Energy by 207.7% during the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock worth $202,724,000 after buying an additional 2,540,713 shares in the last quarter. Marshall Wace LLP increased its stake in Dominion Energy by 8,585.3% during the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock worth $119,048,000 after buying an additional 2,184,873 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Dominion Energy by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock worth $1,667,540,000 after buying an additional 1,459,926 shares in the last quarter. Finally, Zimmer Partners LP purchased a new stake in Dominion Energy during the 4th quarter worth approximately $72,269,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Trading Up 0.5%

NYSE:D traded up $0.29 during trading hours on Thursday, reaching $55.86. 4,954,972 shares of the stock were exchanged, compared to its average volume of 4,565,080. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The business has a 50-day moving average of $54.48 and a two-hundred day moving average of $54.89. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97. The company has a market capitalization of $47.64 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.22 and a beta of 0.56.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The company had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $3.95 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. The firm's revenue was up 12.2% compared to the same quarter last year. On average, equities analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Thursday, May 29th. Dominion Energy's payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

D has been the subject of several research reports. Morgan Stanley cut their price objective on Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Argus upgraded Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Finally, UBS Group upped their price target on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Dominion Energy has an average rating of "Hold" and an average target price of $58.63.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.